|Tehran exchange posted the second highest growth among global markets||
Tehran stock exchange posted the second highest gains in global markets in 2011, according to data compiled by Bloomberg.
As the year 2011 winds down, a few stock exchanges have posted gains: the Botswana Gaborone Stock Market(BGSMAC INDEX) topped the list, rising 31.5% during the year.
The Tehran Stock Exchange (TEPIX) followed, up 29.6%. The Tanzania All Share Index (DARSDSEI INDEX) gained 12%. The JSE Market Index (JMSMX INDEX) and Dow Jones Industrial Average (INDU INDEX) moved up 11.9% and 5%, respectively. The Philippine SE Index ( PCOMP INDEX) and the Jakarta Composite Index(JCI INDEX) ended up 4.1% and 1.5%, respectively, according to the report.
However, big exchanges like the Czech Republic's Czech Traded Index (CCTX INDEX), China's benchmark Shanghai Composite (SHCOMP INDEX) and France's CAC 40 (CAC INDEX) wiped out 32.4%, 22.5% and 13.9%, respectively.
Indices of major emerging economies also declined. The German's DAX (DAX INDEX) lost 16.5% due to the eurozone crisis and the country's budget deficit. Similarly, the FTSE 100(UKX INDEX) performed poorly, down 6.7%. Stock markets of emerging economies, like Brazil's Brazil Bovespa Index (IBOV INDEX), shed 18.4%. It and China's Shanghai Composite were spooked by global economic instability.
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